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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (30862)	8/10/1998 8:13:00 PM
From: Jeff Leader	Read Replies (1) \| Respond to of 132070

MB - What do you think of ADBE here? It's made the round-trip back to the low 30's. Also, what about WMS? I see Sumner Redstone was bottom fishing for WMS back in June.

To: Knighty Tin who wrote (30862)	8/10/1998 10:21:00 PM
From: yard_man	Read Replies (1) \| Respond to of 132070

I thought it had to be a highly leveraged derivative of some kind. I suppose that most of the instruments are like options in that they are designed to allow one with mortgages or bonds to hedge away some of the risk of holding these, but these guys instead were speculating (not hedging) and not being very smart at it either. I'm really ignorant when it comes to all the ways that mortgage debt, or debt in general, is repackaged and sold. IS there something I could read to learn a little bit more in this area?

To: Knighty Tin who wrote (30862)	8/10/1998 10:35:00 PM
From: yard_man	Read Replies (2) \| Respond to of 132070

quote.yahoo.com^KLSE&d=1y I think it would be good to wait for the devaluation of the yuan before the third third. There may literally be blood in the streets. This thing has no bottom. I'm waiting for at least 2 1/4, maybe longer. Definitely contrarian investing. Glad I've made some good money trading the bounce before getting into EWM this last round. Would you look at FAX and see what you think? Both FAX and IAF had a small writeup in Forbes last month. Was in and out of that one for a small loss plus commisisons -- apparently they are using 30%+ of funds to buy up some asian debt, but I'm not sure when or what.